The business sector is working on a proposal for a regulation to be agreed with the government, and once it is ready, companies can start making statements. 

"..."We are working on the revision of the proposed regulation, we are in that situation at the moment, effectively it will come into force, but remember that it is not as if tomorrow companies have to go and make a presentation of the results related to this issue," said Aguerri.

Elnuevodiario.com.ni reports that "...The main purpose of Transfer Pricing is to ensure that operations, as well as free acquisitions or transfers, will be valued in accordance with the principle of free competition between transnational corporations operating in Nicaragua and their local counterparts which could affect the determination of taxable income in the fiscal period in which the transaction is carried out."

Source: elnuevodiario.com.ni

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More on this topic

Nicaragua: Return of Transfer Prices

June 2017

Starting from June 30, the rules that oblige companies to report transfer prices are scheduled to come into effect.

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Legislation on the obligation to submit transfer pricing studies is beginning to be applied in concrete by the Tax Authority.

In his article on Lahora.gt, Mario Coyoy describes the requirements for taxpayers being developed by the SAT:

/ ...
1. Sufficient information and analysis (Study on Transfer Pricing) to demonstrate and justify the correct pricing, the amount of the consideration or profit margins in transactions with related parties abroad.

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Panama: Transfer Pricing Forum

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A statement from the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) reads:

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The Center for Economic Studies at the Chamber of Commerce, Industries and Agriculture of Panama will hold a Forum on Transfer Pricing Reports: Analysis and Impact